India's foreign exchange (forex) reserves rose by $1.61 billion to hit an all-time high of $320.78 billion for the week ended September 2 on the back of a nearly $3 billion jump in the value of gold reserves, official data showed.
It was the third consecutive week the forex reserves have risen. The reserves had increased by $955 million in the previous week. The value of gold reserves soared by $2.97 billion to $28.32 billion, according to the weekly statistical supplement of the Reserve Bank of India (RBI)..............................................Full Article: Source